Buying competitive coverage for a Toyota Camry doesn’t take a lot of effort, but it is dependent upon a lot of rating criteria such as whether you are a homeower, your profession, and any driving offenses on your record. Drivers pay around $1,043 a year for Camry insurance, but that price is a valuation calculated using a 40-year-old married female driver with full physical damage coverage and $1,000 deductibles.
When estimating a car insurance rate like we just did, the issue is that you are not 40 and maybe not even a female, you might be single instead of married, and maybe you want different deductibles. Having even a minor difference in rating variables can result in a big discrepancy in the cost of insurance for a Toyota Camry.
Auto insurance is not the same for everyone, so the best way to find the cheapest rates for your Toyota is to compare rates from as many companies as possible. In just a couple of minutes you will receive prices from top-rated car insurance companies in Louisiana.
Compare Toyota Camry Insurance Rates
Your vehicle’s trim level will be a contributing factor to the insurance rate, so the price to insure a Camry LE trim level will be $182 cheaper than the cost to insure the higher-end Camry Hybrid model, as shown in the chart below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $190 | $372 | $488 | $28 | $146 | $1,224 | $102 |
| Camry SE | $190 | $440 | $488 | $28 | $146 | $1,292 | $108 |
| Camry XLE | $190 | $440 | $488 | $28 | $146 | $1,292 | $108 |
| Camry Hybrid | $216 | $440 | $552 | $32 | $166 | $1,406 | $117 |
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Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Premium amounts do not factor in the specific area where the vehicle is garaged which can impact price quotes considerably.
Louisiana auto insurance companies
Buying coverage from the best insurance provider can be rather challenging considering how many choices you have in Louisiana. The ranking data shown below may help you analyze which providers you want to consider comparing price quotes from. The ratings below only include insurance companies that insure vehicles in the majority of U.S. states, so companies that focus mainly on Louisiana business are not included in the list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
The information below highlights how deductible choice can impact insurance prices when researching cheap insurance for a Toyota Camry. The rates are based on a married male driver, full coverage, and no additional discounts are factored in.
A 50-year-old driver could cut expenses by $388 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $586 by using a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, could potentially save as much as $1,294 or more just by using higher deductibles.
If you do raise deductibles, it is necessary to have enough spare savings to be able to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Liability-only versus full coverage
Paying a lower price for auto insurance is probably important to most people, and an effective way to save on the cost of insurance for a Toyota Camry is to only buy liability insurance. The example below visualizes the comparison of auto insurance rates with and without physical damage coverage. The data assumes a clean driving record, no at-fault accidents, $250 deductibles, single status, and no other discounts are factored in.
If the expense is averaged for all age categories, full coverage on your policy costs $3,083 per year more than just buying liability only. A very common question is if paying for full coverage is worth it. There is no set rule that is best for determining when to drop comp and collision coverage, but there is a general guideline. If the annual cost of coverage is more than 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
There are some conditions where dropping physical damage coverage is not recommended. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not buy liability only.
How to get discounts on New Orleans auto insurance
Insurance providers that sell policies for a Toyota Camry may additionally offer special discounts that could reduce prices by as much as 35% or more if you meet the requirements. Popular auto insurance companies and a summarized list of policyholder discounts can be found below.
- American Family has discounts for air bags, early bird, TimeAway discount, mySafetyValet, bundled insurance, and defensive driver.
- Nationwide discounts include good student, multi-policy, accident-free, Farm Bureau membership, and defensive driving.
- MetLife offers discounts including good student, good driver, multi-policy, defensive driver, claim-free, accident-free
- 21st Century offers premium reductions for defensive driver, early bird, homeowners, anti-lock brakes, and student driver.
- Farmers Insurance may have discounts that include mature driver, business and professional, teen driver, homeowner, youthful driver, alternative fuel, and multi-car.
- Allstate has savings for economy car, early signing, teenSMART discount, new car, senior citizen, and good payer.
The diagram below shows the difference between insurance premiums with and without discounts applied to the policy rates. The costs are based on a male driver, no claims or driving citations, Louisiana state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with homeowner, multiple vehicle, anti-theft, vehicle safety, passive restraint, and claim-free discounts applied. With discounts applied, the average amount saved each year on auto insurance for a Toyota Camry is 28% or $874.
If you like to have a little guidance when trying to find the best insurance rates for a Toyota Camry, the insurance agencies listed below can answer your questions and help you decide which car insurance company is the best fit.
To find an auto insurance agency in your neighborhood, click the link at the bottom or click here to compare price quotes now.
Pat Leboeuf Insurance
601 Seguin St – New Orleans, LA 70114 – (504) 361-4600
Derek Morel – State Farm Insurance Agent
5555 Bullard Ave #104 – New Orleans, LA 70128 – (504) 247-9241
Above and Beyond Insurance Agency LLC
10001 Lake Forest Blvd #315 – New Orleans, LA 70127 – (504) 383-7432
Andy Bowden – State Farm Insurance Agent
6325 Elysian Fields Ave a – New Orleans, LA 70122 – (504) 288-2219